The Second Circuit on Tuesday rejected Apple Inc.'s challenge to a ruling that it orchestrated a plot among five of the nation's biggest publishers to hike the price of e-books, handing a victory to the U.S. Department of Justice.
The U.S. Supreme Court agreed Tuesday to hear an appeal from the California Franchise Tax Board over whether the Nevada Supreme Court misinterpreted federal law on immunity by precluding the agency from dodging fraud and emotional distress claims in a dispute with an inventor over income tax on licensing fees.
The U.S. Supreme Court on Tuesday granted an appeal from Merrill Lynch, UBS Securities LLC and other financial institutions over a shareholder suit alleging they engaged in illegal and manipulative “naked” short selling.
The U.S. Department of Labor unveiled a proposed rule Tuesday that would broaden federal overtime pay regulations to cover nearly 5 million more people and raise the minimum salary threshold required to qualify for the Fair Labor Standards Act's “white collar” exemption to $50,440 per year.
Insurance brokerage Willis Group Holdings PLC said Tuesday that it has inked an all-stock deal worth about $18 billion to pick up professional services firm Towers Watson & Co.
Appellate boutique firms had a banner year before the Supreme Court this term, winning nine of the 11 cases they argued and casting a big shadow over their BigLaw competition.
As the U.S. Supreme Court winds up a historic term with landmark rulings on same-sex marriage, health care, housing regulations and power plant emissions that will forever shape the legacy of the Roberts Court, the nine justices emerge starkly divided, racking up fewer unanimous rulings and a record number of dissents.